An agent-based resilience model of oil tank farms exposed to earthquakes

Frequent unpredictable earthquake disasters such as the Turkey Earthquake in 2023 pose an increasing threat to oil tank farms since they may trigger major accidents and domino effects, resulting in casualties, economic losses, and environmental pollution. Unpredictable earthquakes are definitely difficult to prevent and thus resilience...

Operational safety economics: Foundations, current approaches and paths for future research

Due to the COVID-19 pandemic in 2020, the trade-off between economics and epidemic prevention (safety) has become painfully clear worldwide. This situation thus highlights the significance of balancing the economy with safety and health. Safety economics, considering the interdependencies between safety and micro-economics, is ideal for...